Conagra Brands (NYSE:CAG) Issues FY25 Earnings Guidance

Conagra Brands (NYSE:CAG - Get Free Report) updated its FY25 earnings guidance on Wednesday. The company provided EPS guidance of $2.60-2.65 for the period, compared to the consensus EPS estimate of $2.61.

Analysts Set New Price Targets

Several brokerages recently weighed in on CAG. Wells Fargo & Company decreased their price objective on Conagra Brands from $32.00 to $31.00 and set an equal weight rating for the company in a report on Wednesday, July 10th. Bank of America upped their price target on shares of Conagra Brands from $31.00 to $34.00 and gave the company a neutral rating in a research note on Tuesday, September 17th. The Goldman Sachs Group assumed coverage on shares of Conagra Brands in a research note on Monday, August 12th. They issued a buy rating and a $36.00 price objective for the company. Stifel Nicolaus lowered their target price on shares of Conagra Brands from $32.00 to $30.00 and set a hold rating on the stock in a report on Friday, July 12th. Finally, Barclays cut their price target on Conagra Brands from $34.00 to $33.00 and set an overweight rating for the company in a report on Friday, July 12th. Nine equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Conagra Brands currently has a consensus rating of Hold and an average price target of $31.10.

Conagra Brands Price Performance

Shares of Conagra Brands stock traded down $2.72 during trading on Wednesday, hitting $30.00. The stock had a trading volume of 14,645,476 shares, compared to its average volume of 4,748,197. The firm has a market cap of $14.34 billion, a price-to-earnings ratio of 41.29, a P/E/G ratio of 2.95 and a beta of 0.32. Conagra Brands has a 12 month low of $25.16 and a 12 month high of $33.24. The business's 50-day moving average is $31.28 and its 200 day moving average is $30.27. The company has a current ratio of 0.97, a quick ratio of 0.33 and a debt-to-equity ratio of 0.88.

Conagra Brands (NYSE:CAG - Get Free Report) last released its quarterly earnings results on Thursday, July 11th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.04. Conagra Brands had a return on equity of 14.31% and a net margin of 2.88%. The firm had revenue of $2.91 billion for the quarter, compared to analysts' expectations of $2.93 billion. During the same quarter last year, the firm posted $0.62 EPS. The company's revenue was down 2.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Conagra Brands will post 2.61 earnings per share for the current year.

Conagra Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, October 31st will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.67%. The ex-dividend date is Thursday, October 31st. Conagra Brands's payout ratio is 191.78%.

Insider Activity

In other Conagra Brands news, COO Thomas M. Mcgough sold 40,000 shares of Conagra Brands stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $30.29, for a total transaction of $1,211,600.00. Following the completion of the sale, the chief operating officer now owns 161,443 shares of the company's stock, valued at $4,890,108.47. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.88% of the company's stock.

Conagra Brands Company Profile

Conagra Brands, Inc, together with its subsidiaries, operates as a consumer packaged goods food company primarily in the United States. The company operates through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice segments. The Grocery & Snacks segment primarily offers shelf stable food products through various retail channels.